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How was your Christmas? Are you still paying for it?

Then why not be a savvy saver this year?

Saving and budgeting for Christmas

By planning early you can avoid taking out expensive loans to cover the cost. If you are realistic about what you are going to need for Christmas 2013 and stick to a budget - you can save money in the long run.

To help you do this we have come up with useful options for you to consider.

The quicker you take action and start putting money aside - the more you will be able to save in time for Christmas.

How to decide the best savings option

First of all, you need to think about what's important to you. For example, you might want to be able to stop yourself from accessing your money before the run-up to Christmas, or you might prefer vouchers to cash.

Important questions to ask yourself are:

Saving with your local Credit Union

You might want to consider saving with your local Credit Union. Credit Unions are not for profit, Financial Co-operatives run by their members and offer safe savings and loans.

You can save as much or as little as you want as often as you want and can then draw out your savings and spend the cash wherever you want. Any savings are protected by the Financial Services Compensation Scheme. Please note, Credit Unions also provide free life insurance (conditions apply).

For more information visit www.erewashcreditunion.org.uk or telephone 0115 932 9493